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Danske Bank gathers wealth management expertise

Stock Exchange Announcement No 23/2006

As of 1 January 2007, the Danske Bank Group is gathering its wealth management expertise in its Danske Capital division.

Danske Capital will be responsible for the development of wealth management services for the Group’s retail banks, including the development of products and advisory messages within investment, loans, pensions and tax. By gathering its wealth management expertise, the Group will be able to offer customers comprehensive advisory services and advanced solutions.

Niels-Ulrik Mousten, Senior Executive Vice President, is appointed head of Danske Capital and member of Danske Bank’s Executive Committee. Mousten, 43, joined Danske Capital in 2001.

Danske Capital will support the retail banks and deliver wealth management services to customers outside the Group’s home markets through Danske Bank International in Luxembourg. In addition, Danske Capital will produce asset management services (for instance pooled investments, mutual funds and portfolio management agreements) to be sold through the retail banks and directly to companies, institutional investors and external partners.

Contact person:
Peter Straarup, Chairman of the Executive Board, telephone +45 33 44 01 07

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